Streetsmart insurance Blog

The Internal Revenue Service (IRS) states that a business expense can qualify as a tax deduction when it is ‘ordinary’ and ‘necessary’. An ‘ordinary’ expense should be a common expenditure in your line of work, and a ‘necessary’ expense should be appropriate for your small business. If any of your business expenses meet those two qualifications, they are tax deductible.

Homeowners insurance protects policyholders from countless perils, including fire, smoke, and explosions. Unfortunately, there is a limit to the amount of coverage that homeowners insurance can provide. If your home is damaged during a storm or natural disaster, your insurance company will only pay for the perils that are listed in your homeowners insurance policy.

When time is of the essence, many truck drivers risk compromising their safety in order to complete their assignments. Unfortunately, those unsafe driving practices can lead to accidents, lawsuits, and deadly injuries. Whether you’re driving across town or across the country, you should establish safe driving practices that will protect you when you’re on the road.

​General liability insurance protects contractors from third party lawsuits. If a client sues you, your insurance policy will pay for your legal fees and compensatory damages up to your aggregate limit. Unfortunately, general liability insurance is not designed to protect contractors from employee lawsuits; if you want to protect your business from employee injury claims, you will need to purchase a separate insurance policy.

For outsiders, the world of contracting can be a bit difficult to understand—at least at first. Whether you are building an addition on your home or renovating your office, you would probably hire a “general contractor” to do the job. But what is the difference between a general contractor and an artisan contractor? When does someone qualify as a “subcontractor”? What about less-used terms like “prime contractor” or “main contractor”? What do all of these terms mean, and how can you demystify them to make an education decision about who to hire.​

If you get a quote from PROGRESSIVE& here is how I can help you understand it.If you are a trucker, you are likely going to get many quotes from Progressive… But why are they all different? Being an expert in the field, here are FIVE things to look for.​

Policy information: “Other For-Hire” is if you are involved in all other trucking EXCEPT hauling cars.